INDmoney Vs Maverick
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Maverick
Maverick Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
INDmoney Vs Maverick - Broker Details
| INDmoney | Maverick | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2019 | 2000 |
| Exchanges | NSE, BSE and MCX | NSE, BSE, MCX and NCDEX |
| Branches | 966 | N/A |
| Brokerage | 0.05% or up to ₹20/Per Order | 0.01% per order |
| Broker Type | Discount Broker | Full Service Broker |
INDmoney Vs Maverick - Account Opening & AMC Charges
| INDmoney | Maverick | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹300 per year | ₹999 for Lifetime |
| Trading Account AMC | ₹0 (Free) | NA |
INDmoney Vs Maverick - Brokerage charges & Plans
| INDmoney | Maverick | |
|---|---|---|
| Commodity Futures | N/A | 0.01% per order |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.01% per order |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.1% per order |
| Equity Options | 0.05% or up to ₹20/Per Order | Rs. 10 per lot |
| Commodity Options | N/A | Rs. 10 per lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.01% per order |
| Currency Options | 0.05% or up to ₹20/Per Order | Rs. 10 per lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | 0.01% per order |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.01% per order |
INDmoney Vs Maverick - Other Charges
| INDmoney | Maverick | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹20/Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹20/Order |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | 0.01% per order |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.01% per order |
INDmoney Vs Maverick - Transaction Charges
| INDmoney | Maverick | |
|---|---|---|
| Currency Options | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value | Exchange txn charge: 0.035%e |
| Equity Futures | NSE: 0.00195% on total turnover value | NSE: 0.0019% |
| Equity Intraday | NSE - 0.00325% | BSE- 0.00375% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
| Equity Options | NSE: 0.053% on premium value | NSE: 0.05% (on premium) |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% |
| Currency Futures | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value | Exchange txn charge: 0.0009% Clearing charge: .00025% |
| Equity Delivery | NSE - 0.00325% | BSE- 0.00375% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
INDmoney Vs Maverick - Margin (Exposure)
| INDmoney | Maverick | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x(100% of NRML margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
INDmoney Vs Maverick - Features
| INDmoney | Maverick | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. Maverick Trade Mobile App, 2. Maverick Tradeweb Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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INDmoney Vs Maverick - Review & Rating
| INDmoney | Maverick | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
INDmoney Vs Maverick - Request a call back from Broker
| INDmoney | Maverick | |
|---|---|---|
INDmoney Vs Maverick - Investment Options
| INDmoney | Maverick | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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INDmoney Vs Maverick - Order Type
| INDmoney | Maverick | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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INDmoney Vs Maverick - Research & Report
| INDmoney | Maverick | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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INDmoney Vs Maverick - Daily Market Report
| INDmoney | Maverick | |
|---|---|---|
| Daily Market Reports & News |
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INDmoney Vs Maverick - Suitable For Investor
| INDmoney | Maverick | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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INDmoney Vs Maverick - Pros & Cons
| INDmoney | Maverick | |
|---|---|---|
| Pros | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. | 1. Reliable and experienced brokerage firm, 2. Wide range of investment options, 3. Excellent customer service and support, 4. RWide range of investment products and options, 5. Competitive pricing and low fees. |
| Cons | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. | 1. Market volatility and potential investment risks, 2. Possibility of financial losses, 3. Dependency on market conditions and economic factors, 4. Potential conflicts of interest, 5. Regulatory compliance challenges, 6. Potential for high trading fees and expenses. |
INDmoney Vs Maverick - Background
| INDmoney | Maverick | |
|---|---|---|
INDmoney Vs Maverick - Compare All Brokers
| INDmoney | Maverick | |
|---|---|---|
INDmoney Vs Maverick - STT/CTT
| INDmoney | Maverick | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell (On Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.0125% on sell side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs Maverick - Demat transaction charges
| INDmoney | Maverick | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | Rs.20 /- |
INDmoney Vs Maverick - GST
| INDmoney | Maverick | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
INDmoney Vs Maverick - SEBI Charges
| INDmoney | Maverick | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Maverick - Account Opening & AMC Charges
INDmoney
Maverick
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹300 per year | ₹999 for Lifetime
Trading Account AMC
₹0 (Free)
NA
INDmoney Vs Maverick
| INDmoney | Maverick | |
|---|---|---|
INDmoney Account Opening Process, Charges, and Documentation Details |
Maverick Account Opening Process and Charges Detail |
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Maverick
Maverick Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
INDmoney Vs Maverick - Brokerage charges & Plans
| INDmoney | Maverick | |
|---|---|---|
| Commodity Futures | N/A | 0.01% per order |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.01% per order |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.1% per order |
| Equity Options | 0.05% or up to ₹20/Per Order | Rs. 10 per lot |
| Commodity Options | N/A | Rs. 10 per lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.01% per order |
| Currency Options | 0.05% or up to ₹20/Per Order | Rs. 10 per lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | 0.01% per order |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.01% per order |
INDmoney Vs Maverick - Margin (Exposure)
| INDmoney | Maverick | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x(100% of NRML margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
INDmoney Vs Maverick - Other Charges
| INDmoney | Maverick | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹20/Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹20/Order |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | 0.01% per order |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.01% per order |
INDmoney Vs Maverick - STT/CTT
| INDmoney | Maverick | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell (On Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.0125% on sell side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs Maverick - Demat transaction charges
| INDmoney | Maverick | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | Rs.20 /- |
INDmoney Vs Maverick - GST
| INDmoney | Maverick | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
INDmoney Vs Maverick - SEBI Charges
| INDmoney | Maverick | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Maverick - Features
| INDmoney | Maverick | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. Maverick Trade Mobile App, 2. Maverick Tradeweb Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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